Bybit, one of the largest cryptocurrency exchanges globally, has announced the integration of the Nasdaq Market Surveillance platform to enhance market oversight in Europe.
Integration of Nasdaq into Bybit EU
Today, Bybit EU confirmed the adoption of the Nasdaq Market Surveillance platform, which will increase the effectiveness of identifying and preventing market abuse in Europe. This will allow Bybit EU to meet the stringent requirements of the Markets in Crypto-Assets Regulation (MiCAR) in the EU, which mandates exchanges to implement more advanced monitoring and reporting systems.
Advantages and Features of the Platform
The Nasdaq Market Surveillance platform serves over 50 exchanges and 20 international regulators, offering advanced algorithms and reporting systems. Key features include:
* Real-time monitoring of over 60 billion cryptocurrency transactions per day * Built-in control systems with data quality reporting * Historical order book replay for full market transparency.
Additionally, the platform reduces false positives using pattern-recognition analytics, effectively identifying market manipulations.
Overview of Nasdaq and Bybit EU
Nasdaq is a technology giant providing platforms and services to banks, brokers, and regulators worldwide. Bybit EU GmbH is the licensed European division of Bybit, offering a wide range of crypto asset services, including custody, exchange, and transfer services.
The integration of Nasdaq's platform into Bybit EU highlights the company's commitment to ensuring security and transparency in cryptocurrency trading across Europe.
